|
Reis: Apartment Vacancy Rate falls to 5.2% in Q4, Lowest since 2001
|
|
| Thu, Jan 05, 2012 |
|
Calculated Risk, THURSDAY, JANUARY 05, 2012,
Reis reported that the apartment vacancy rate (82 markets) fell to 5.2% in Q4 from 5.6% in Q3. The vacancy rate was at 6.6% in Q4 2010 and peaked at 8.0% at the end of 2009.
From the WSJ: Apartment-Vacancy Rate Tumbles to 2001 Level
The nation's apartment-vacancy rate in the fourth quarter fell to its lowest level since late 2001 ... In the fourth quarter, the vacancy rate fell to 5.2% from 6.6% a year earlier and 5.6% at the end of the third quarter, according to Reis.
During the depths of the downturn, landlords had to offer incentives such as flat-screen TVs and months with no rent to attract tenants. But in the fourth ...
read more ›› |
|
|
|
|
|
U.S. is top 2012 property investment pick
|
|
| Sun, Jan 01, 2012 |
|
Reuters, NEW YORK | Sun Jan 1, 2012 1:04pm EST, By Ilaina Jonas
(Reuters) - The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.
While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign investment tax would have the strongest impact on their investment decisions, according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members.
For about the pas ...
read more ›› |
|
|
|
|
|
Goldman, Blackstone turn bullish on housing
|
|
| Thu, Dec 29, 2011 |
|
The Real Deal Online, on December 29, 2011 03:10PM
Goldman Sachs, the Blackstone Group and several other notable investors have turned bullish on the U.S. housing market, the Wall Street Journal reported, buying up shares of home building companies, like Pulte Group, Beazer Homes and Hovnanian Enterprises. Those stocks are up 30 percent since the end of the third quarter, according to Dow Jones, far outpacing the 10.5 percent increase recorded by the Standard & Poor’s 500.
In a recent report, Goldman said it expects home prices to decline 3 percent next year, before gaining 30 percent — not taking inflation into account — through 2022. Meanwhile, a Blackst ...
read more ›› |
|
|
|
|
|
Demand for high-end NYC condos rivals market’s peak
|
|
| Fri, Dec 23, 2011 |
|
The Real Deal Online, on December 23, 2011 08:56AM
Not only is the high-end of the Manhattan housing market healthy, but in some respects it’s performing just as well as it did during the market’s peak, according to the Wall Street Journal. Seven deals worth more than $30 million have been recorded this year, not including Sanford Weill’s recent $88 million sale, the most since 2008 and the third-most ever. Further, the $6,000 per square foot price point that was noteworthy even in 2008 has become somewhat more commonplace, the Journal said.
The astronomical prices are buoyed by a shortage of ultra-luxury apartments, according to brokers, as the world’s ...
read more ›› |
|
|
|
|
|
Cornell Alumnus Is Behind $350 Million Gift to Build Science School in City
|
|
| Mon, Dec 19, 2011 |
|
The New York Times, on December 19, 2011 By RICHARD PÉREZ-PEÑA
The donor whose $350 million gift will be critical in building Cornell University’s new high-tech graduate school on Roosevelt Island is Atlantic Philanthropies, whose founder, Charles F. Feeney, is a Cornell alumnus who made billions of dollars through the Duty Free Shoppers Group.
Mr. Feeney, 80, has spent much of the last three decades giving away his fortune, with large gifts to universities all over the world and an unusual degree of anonymity. Cornell officials revealed in 2007 that he had given some $600 million to the university over the years, yet nothing on its Ithaca campus — where he g ...
read more ›› |
|
|
|
|
|
|
|
|
|
